Ethereum Bull Run Sustained, Bad News: Speculators Are In
Like Bitcoin and top altcoins, including Solana, Ethereum is holding steady. At the time of writing, it is trading above the local support at $3,300 and floating higher, targeting $3,700. Speculators Flowing To ETH As Bulls Set Sight On $3,700 The leg up is fueled by multiple market-related factors, mainly the anticipated launch of spot […]
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Under sustained attack, Ethereum has announced two hard forks to rectify the issue. Ethereum is still in trouble, the much-celebrated blockchain platform has been suffering from a sustained attack for weeks now. Under attack, the cryptocurrency based smart contracts platform is now looking at not one but two consecutive hard forks. According to a recent announcement on Ethereum’s official blog, these “very crafty” attackers have been uncovering one vulnerability after another in Ethereum client implementations and protocol specifications to hinder the performance of the network. The attack....
Bitcoin on-chain data reveals that speculators and long-term holders have become increasingly confident of higher prices as their selling activity has slowed down significantly. For the very first time in a Bitcoin (BTC) bull market, not only long-term investors but also short-term speculators who usually add to the daily sell pressure toward the end of a market cycle have become increasingly confident of higher prices as they hold on to their Bitcoin.This only adds to the already existing supply shock. If demand remains strong, this is a recipe for another leg up for the BTC price.Bitcoin....
After the price of bitcoin touched a high of $64,895 per unit, speculators and skeptics think it might have been the top of the bull run and a 2018-like bear run is next. On Sunday, May 23, bitcoin prices have dropped to a low of $31,107 and bears have managed to take the reigns for a period. However, not everyone is convinced the current crypto bull run is similar to 2017, as a number of crypto proponents think the 2013 bull run is more aligned with present trends. ‘Two Major Peaks 8 Months Apart’ BTC has seen better days and a month ago, the price reached $64k per coin but....
Ethereum Classic is all set to get a hard fork of its own soon to counter the sustained DOS attack. Ethereum Classic is on its way to get a hard fork in the next two days. Ethereum recently split into two blockchains following a hard fork introduced by the Ethereum development team a few months ago. The hard fork resulted in two versions — Ethereum (ETH) and Ethereum Classic (ETC). While Ethereum continued to operate on the new fork, a portion of the cryptocurrency community decided to continue with the original Ethereum blockchain, calling it Ethereum Classic. Ethereum recently came under....
Ethereum is showing renewed strength after rebounding from its Bull Market Support Band, a key zone that has historically served as a launchpad for major uptrends. The bounce signals a possible shift in momentum, but the real test now lies ahead. With the price approaching the crucial golden pocket resistance, a breakthrough is likely to confirm a sustained bullish phase. ETH Bounces Back From Weekly Bull Market Support Band In his recent update on ETH, Luca, a crypto analyst on X, noted that the asset has once again found solid footing at a familiar support area. According to Luca, the....